
Apartments for Rent in Troy, MI Under $5,400 (294 Rentals)


Townhomes of Caswell

Amberwood Townhomes

Lindsey Living

The Westington

Forum Flats

The Phoenix at Troy Crossing Apartments

Uptown Square Apartments

Regents Club of Troy

Rochester Villas
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.

Zen City Center

Sunnymede Apartments - Troy, MI

Somerset Park

Buckingham Square

Total Monthly Price
1890 Axtell Dr, Unit 5

Cornerstone at Troy Apartments

Three Oaks Apartments

Residences of Troy

Total Monthly Price
The Gables of Troy

Charter Square
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Amber Town Center Townhomes & Lofts

The Alcove Troy

Amber Studios and Lofts

Canterbury Square

Troy Village Apartments

Amber Creek Apartments

6710 Westpointe Dr

6927 Northpoint Dr

2081 Babcock Dr

2043 Vermont Ave
Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers
Explore the best residential neighborhoods and apartment options near major employers like GM, Ford, Stellantis, Rocket Companies, and Corewell Health. Find your perfect Motor City home.

4392 Navin Field Ln

1587 3 Lakes Dr

2323 E Maple Rd

1880 Welling Dr

2931 Wisconsin Rd

370 W Square Lake Rd

6805 Fredmoor St

2925 Square Lake Ct

3668 Old Creek Rd

316 Paragon Ave
The Detroit Insiders Renting Guide: A Local's Look Under the Hood
Moving to Detroit? Get the local breakdown on affordable rental options, easy commutes, and how to navigate the People Mover and Q-Line downtown.

1115 Birchwood Ave

1097 Foxboro, Unit 31

1478 Ashford Ct

1159 Beaver Run, Unit #22

5900 Wright Dr

5921 Houghten Dr

3111 Camden Dr

5969 Slate Dr

266 W Bennett Ave

5842 Niles St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Troy, MI Local Guide

How much does it cost to rent an apartment in Troy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Troy Studio Apartments Under $5400 | $1,351 | $829 | $2,249 |
| Troy 1 Bedroom Apartments Under $5400 | $1,596 | $899 | $5,300 |
| Troy 2 Bedroom Apartments Under $5400 | $1,960 | $977 | $6,900 |
| Troy 3 Bedroom Apartments Under $5400 | $2,494 | $1,340 | $7,248 |
| Troy 4 Bedroom Apartments Under $5400 | $4,275 | $4,275 | $4,275 |
Browse Top Apartments in Troy
See all Apartments in TroyExplore Troy
Troy, MI Local Guide
- Troy Neighborhoods
- Nearby Cities
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- School Districts
The Best Detroit Area Neighborhoods for Off-Campus Housing Renters
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Troy, MIPopulation: 84,272
Ranked #406
in US Census Population by City
Pet Friendly LifestyleTroy, MI
Ranked #5
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Troy, MI Rentals by Map
See the most popular apartments and homes in Troy, MI
Frequently Asked Questions about Troy
How much are Studio apartments in Troy?
There are currently 115 Studio Apartments in Troy with rent ranges from $829 to $2,249 with an average price of $1,351.
What is the current price range for One Bedroom Troy Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Troy ranges from $899 to $5,300 with an average monthly rent of $1,596.
What does renting a Two Bedroom Apartment in Troy cost?
The monthly rent prices of Two Bedroom Apartments currently available in Troy range from $977 to $6,900. Today's average rental price for Two Bedrooms here is $1,960.
How expensive are Troy Three Bedroom Apartments?
There are currently 67 Three Bedroom Apartments listings available in Troy on ApartmentHomeLiving.com. The pricing ranges from $1,340 to $7,248 - averaging $2,494 for the location.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters
Written by: Tim Brown
Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s and have witnessed the city and its surrounding metro area undergo a renaissance.

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers
Written by: Tim Brown
The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.